"HUL: Testing Long-Term Resistance Zone"

📊 Technical View 1️⃣ Price Action: Current price: ₹2630.80 (+6.05% this week). Stock has been range-bound between ₹2400–2760 for over 2 years. The zone near ₹2760 is a major resistance — price has failed multiple times here. 2️⃣ Trend Context: Unlike high-beta stocks, FMCG leaders like HUL move in long consolidations. This sideways movement is building a base for the next directional move. 3️⃣ Volume Behavior: Volumes are notably rising on green candles recently, showing renewed accumulation. Still, a weekly close above ₹2760 is crucial for confirmation of breakout. 4️⃣ Key Levels: Resistance: ₹2760 → breakout trigger. Support: ₹2400 (major demand zone). If breakout sustains: targets ₹3000 → ₹3200. 📈 Learning Takeaway Even defensive sectors like FMCG offer big opportunities when breakouts align with volumes. Patience during long consolidations pays off once a strong breakout emerges. HUL is a case study of accumulation before expansion.